Nanyang Holdings Limited (HK:0212) has released an update.
Nanyang Holdings Limited reports a swing to a loss of HK$43.7 million in the first half of 2024, down from a profit of HK$125.8 million in the previous year, mainly due to a non-cash loss from investment property revaluations. Excluding this item, the company would have posted a profit of HK$99 million, slightly up from HK$97.1 million in 2023. Earnings per share also fell sharply to HK$(1.29), but would stand at HK$2.91 without the fair value changes.
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